“Shah Deniz and South Caucasus Pipeline Company are pleased to announce that the Shah Deniz Stage 2 and South Caucasus Pipeline Expansion (SCPX) projects continue to move forward at pace with significant progress already achieved at all fabrication and construction sites across Azerbaijan and Georgia,” said the message from BP.
As part of these developments Shah Deniz has recently awarded two further contracts in support of the development of future flanks following first gas in 2018. These contract awards underpin the schedule for project delivery and complement the progress being made across multiple areas of this major development project.
The two newly-awarded contracts, which follow on from the key Stage 2 contracts announced earlier, include:
- A $297 million contract for the supply of the subsea production system (SPS) hardware has been awarded to FMC Kongsberg Subsea AS. The scope of work under this contract includes the supply of equipment for the production clusters 3, 4 and 5 consisting of subsea manifolds, associated controls and connection equipment. The delivery of equipment will take place in phases over a period from 2016 to 2021.
- A $66 million contract for the second of three planned batches of subsea production trees and ancillaries required for the full field development has been awarded to OneSubsea (UK) Ltd. The delivery of equipment will take place in phases over a period from 2016 to 2021.
Not considering the two above-mentioned contracts, till now the Shah Deniz consortium has awarded contracts to a total amount of about $12 billion for development of the Shah Deniz Phase 2 field.—0—
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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